ABSTRACT
Pharmaceutical medicine uses all the scientific, clinical, statistical, regula-
tory, and business knowledge available to provide a challenging and reward-
ing career. On average, it costs about $1.8 billion to take a new compound
to market and only one in 10,000 compounds ever reaches the market.
There are three major phases of drug development: (1) preclinical research
and development, (2) clinical research and development, and (3) after the
compound is on the market, a possible “post-marketing” phase.
